BNY Mellon and Ripple have expanded their partnership to include custody of XRP and Ripple's RLUSD stablecoin on BNY's Digital Asset Custody platform. This allows BNY clients not only to hold these digital assets with a trusted bank but also to mint and redeem RLUSD stablecoins directly, simplifying transactions for institutional investors. The collaboration also explores blockchain applications for tokenized trade finance using the XRP Ledger, aiming to enhance payment and settlement processes. This move marks BNY's deeper commitment to integrating digital assets into its core services and broadens Ripple's institutional reach.
Ripple and BNY's partnership expansion offers context for readers. For those tracking major cryptocurrencies, 15 of 50 rose and 34 fell on Pluang. Notable movers include GRT at Rp394 with a 1-day change of -1.96%, THETA at Rp3.210 down 1.92%, and ALGO at Rp1.855 down 1.90%. Data is as of Oct 27, 2026 19:21 WIB.
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